TrendScape: State of India's stock broking industry

04 Sep 2025, 03:35 PM

The pandemic-era retail trading boom still reflects in brokers' FY25 earnings. Yet, with active client bases shrinking, the industry's dream run may be hitting a plateau.

Joseph Rai & Muskan Singh

When the Covid-19 pandemic confined people to their homes for months since March 2020, data has it that millions of them used that